Jazzy Night Club maintains an imprest petty cash fund of $250, which is under the control of Sandra Morgan. At March 31, the fund holds $24 cash and petty cash tickets for office supplies, $224, and delivery expense, $15. Explain how an imprest petty cash system works. Journalize the establishment of the petty cash fund on March 1 and the replenishment of the fund on March 31. Prepare a T-account for Petty Cash, and post to the account. What is the balance of the Petty Cash at all times?